Credit: U.S. Coast Guard
John McCain (R-AZ) tells a reporter why he voted against the DISCLOSE Act, two days in a row:
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unPAC the 2012 Olympics fights to restore American unity by asking NBC not to run special interest political ads, including those from super PACs, during the 2012 Olympic Broadcast. http://www.unpac.org/olympics/
When the Fed released its "trove" of materials confirming that the Fed indeed knew that the Barclays was manipulating its Libor submissions (amusingly explained by Ben Bernanke before Senate today that "the employee had no idea what Libor is in that case"), few were surprised, but more were confused why the congressional inquiry focused solely on the Fed's interactions with British Barclays, instead of focusing on the three domestic banks that were part of the BBA's USD Libor fixing committee.Sure enough, the
Credit: Newscientist
For our weekly Facebook Caption Contest, we posted this image of former President Bill Clinton and current President Barack Obama:
Here are some of the responses we got on Facebook:
Credit: acslaw.org
For a second day in a row, the DISCLOSE Act was shot down in the Senate, 53-45. This following yesterday's vote, 51-44, with all 43 Senate Republicans unanimously voting against the bill.
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Today's world news round-up. An independent breakdown of notable global developments in a news update.
Foreign Policy - The 2012 Failed States Index
Interactive map and rankings of the world's most and least stable countries.
